Dacotah Bank Expands to Jamestown

Jamestown, ND – Dacotah Bank has received regulatory approval to establish a branch and offer banking services in Jamestown, North Dakota.

Dan Vollmer, the bank’s regional president in Rolla, says the company has purchased land in the southern part of the city, “We have plans to build a new 8,000 square foot bank near the Walmart store south of I-94 and west of U.S. Highway 281. The plan allows for future expansion to about 12,000 square feet.”

The new Jamestown bank will bring Dacotah Bank’s total number of locations to 34 across North Dakota, South Dakota, and Minnesota. Dacotah Bank will bring a number of convenient financial services to the market including free mobile banking, access to over 100,000 free ATMs worldwide, online deposits services, credit cards for consumers and businesses, and access to increased lending limits for local agricultural producers and business operators, among other traditional banking and insurance services.

A ‘Dakota-grown’ company, Dacotah Bank’s home office and flagship bank is just 100 miles south of Jamestown in Aberdeen, SD. While some of the company’s bank locations were established in the late 1800s and have been serving local communities since, Dacotah Banks, Inc., the parent company and Dacotah Insurance, its insurance division, will both be marking 50 year anniversaries in 2014.

Founded by Aberdeen business leaders with expertise in finance, agriculture, and insurance, the company has grown to become America’s 18th largest lender to agricultural producers. More than 500 men and women of Dacotah Bank today serve over 50,000 clients with banking, insurance, mortgage, and trust and wealth management services in North Dakota, South Dakota, and Minnesota.